Scott J Milchman & Mindy V Milchman Acquire Store In Hialeah, FL For $10.7M
1200 West 68th Street, Hialeah, Florida 33014, United States
$10,725,000
$670,312/SF
Building Size
16 SF
Asset Type
Retail
Closing
Jul 11, 2022
AI
The property asset involved in this transaction is a store located at 1200 W 68th St in Hialeah, FL. The property has a total square footage of 16,756. The transaction took place on November 7, 2022, with a sale price of $10,725,000. The price per square foot for this property is $640.
Summary of transaction details:
- Property Type: Store
- Transaction Amount: $10,725,000
- Address: 1200 W 68th St, Hialeah, FL
- Market: Hialeah, FL
- Buyer: Scott J Milchman & Mindy V Milchman
- Seller: Donald A. Smith
- Square Footage: 16,756
- Price per Square Foot: $640
In this transaction, Scott J Milchman & Mindy V Milchman acted as the buyers, while Donald A. Smith was the seller. The deal was closed successfully with the purchase of the store property.
Players
Hialeah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93